AMD - EW analysis - ABC Correction down

Advanced Micro Devices, Inc.NASDAQ

Description

⋅ Jan 23, 2021 9:50 PM

AMD - It seems like the impulse cycle is finished and it started correcting down. expecting ABC zigzag down from the current level.

Give thumbs up if you really like the trade idea.

Comments

fumanchoo

⋅ Jan 23, 2021 11:19 PM

You believe a likely blow out earnings will be the catalyst down?

EWFcw

⋅ Jan 24, 2021 6:02 PM

@fumanchoo, it might be. But as far as i have the level of invalidation with good risk reward set up i will definitely do the trade. But of course earning will decide the next direction.

irma.kisely

⋅ Feb 1, 2021 4:06 PM

Thanks I have to hold AMD now since I bought a lot at a $91.00 how long to get back up does anyone know, I know we dont have a crystel bolw. Thanks

thebrewer35

⋅ Jan 24, 2021 4:05 PM

I don’t think this count is correct. This looks like it hit minor 1, is correcting in minor 2 before heading to ATH. Good luck!

EWFcw

⋅ Jan 24, 2021 6:03 PM

@thebrewer35, Thanks for non-biased comment.

TheSignalyst

⋅ Jan 23, 2021 9:53 PM

Clean Elliott waves count. Thanks for sharing

EWFcw

⋅ Jan 23, 2021 10:30 PM

@TheSignalyst, thanks.